Famous Investor Commented on Bitcoin Fall: Nothing Similar Has Been Seen Before!
Anthony Pompliano, one of the most famous investors in the cryptocurrency industry, talked about Bitcoin (BTC) and artificial intelligence.
Anthony Pompliano talked about the current state of the cryptocurrency market in his interview with CNBC on June 24. The experienced name, understanding the recent declines, reminded that similar declines were experienced in the past bull markets.
He said that investors were taking profits after the ongoing rises since January and that this was acceptable.
The recent declines in Bitcoin price are not surprising. Previous bull seasons have also witnessed similar corrections. Investors are selling profits and I understand that. This is a basic investment strategy.
Full confidence in artificial intelligence
Stating that artificial intelligence will play a critical role in the future of humanity, Pompliano stated that at the end of the day, artificial intelligence technology will be integrated with cryptocurrencies and become widespread.
He said that artificial intelligence will reach huge market values in the coming years and that this value can be protected with an anti-inflationary tool like Bitcoin:
We're entering this automated world where AI will create massive amounts of wealth, and Bitcoin will preserve that wealth. GDP has the potential to actually increase due to the productivity of AI and then Bitcoin being able to preserve much of that wealth. I think people who look at this as what's going to happen day by day or week by week are missing this big wind for the next decade.
